MARKETABLE SECURITIES (Tables)

12 Months Ended

Aug. 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of movement in marketable securities [Table Text Block]

Balance, August 31, 2020	$	24,354
Additions		17,705
Proceeds from disposals		(21,385	)
Unrealized loss		(5,680	)
Balance, August 31, 2021	$	14,994
Additions 1		3,432,382
Unrealized loss		(923,533	)
Unrealized foreign exchange loss		(62,388	)
Proceeds from disposal		(10,064	)
Loss on disposal		(7,641	)
Balance, August 31, 2022	$	2,443,750

¹ Company recorded the 3,000,000 shares received from Cypress on May 4, 2022 as an investment and valued the investment using the closing rate of CAD1.63 per share and a discount rate of 10% due to LOM. The shares were subsequently revalued as at the year end date of August 31, 2022 using the closing rate of CAD1.20 per share and a discount rate of 11%, with the resulting changes in fair value being recorded as part of other profit or loss.